Duane Reade Bought by Walgreen

Marino, Jonathan
February 2010
Mergers & Acquisitions Report;2/22/2010, Vol. 23 Issue 8, p21
The article reports that Walgreen Co., the listed, Illinois-based grocery and retail chain operator, will acquire Duane Reade, the New York operator of pharmacy and retail drugstores. Walgreen will pay around 1.075 billion U.S. dollars to acquire Duane Reade's 257 New York City area stores from a group of investors including Oak Hill Capital Partners. It relates the amount of sales generated by Duane Reade in 2009.


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